Hello and welcome to our Manhattan luxury real estate blog. Halstead Property, LLC is one of the most visible and fastest growing residential real estate brokerage firms in New York. Headquartered at 770 Lexington Avenue, the firm has more than 600 sales and rental agents throughout eleven prime retail offices in New York City including six in Manhattan.

New Rules for Purchasing a Home?

Sep 14, 2009 | 0 comments |

The New York Times published an article titled ”7 New Rules for the First Time Home Buyer.” It recommends, among other things considering income, the unknowns and expenses. While this is all very good advice for anyone considering purchasing their first home, the recommendations are good for anyone buying their first, second or third home.

For many years, we would counsel people that it was easier to get a mortgage than it was to qualify for a Manhattan co-op. Even in these times of more conservative lending, it sometimes still is.

Regardless of the style of apartment, co-op, condo or single family home in either the starter apartment or the luxury market, this article is a good reminder of the many things to be taken into consideration when outlining your property requirements and price threshold.

Posted By: Sharon Michnay

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